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Date Posted: 17:24:02 12/30/15 Wed
Author: truth,, It cannot and will not work...
Subject:

You may be running into friends and relatives at holiday gatherings who claim that the 5% unemployment rate is one of Obama's success stories, and a good reason to stick with the Democrats. Writing in Conservative HQ, George Rasley highlights a chart produced by Benjamin Weingarten in Genfkd that sums up the uselessness of the U3 unemployment rate statistic inevitably tossed out by the media to make the claim that the economy is recovering under Obama. Most AT readers are sophisticated and realize that the Bureau of Labor Statistics’ U3 “unemployment rate” does not count discouraged workers who have given up the search for work. The BLS calls these people “marginally attached workers,” and the criteria for blasting them into invisibility in the U3 stats are pretty easy to meet:

Persons not in the labor force who want and are available for work, and who have looked for a job sometime in the prior 12 months (or since the end of their last job if they held one within the past 12 months), but were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

But most of our friends and neighbors do not realize that the more realistic U6 rate, generally ignored by the media, does count the “marginally attached workers” as unemployed, and it is nearly double the U3 rate (currently 9.9% versus 5%).

So how do we sum up all this complicated information in one chart?

Here it is. Show it to your friends who think Obama has been good for the economy:

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Replies:

Oh, please! You assholes simply cannot accept reality. You haven't since the minute Obama took office. This is a ridiculous stat you've picked out of ass that is full of holes. And, I'm guessing you couldn't even explain this (in your own words). It points to Obama being bad so you jump in and post it. BTW, when are you going to be a grown-up boy and get rid of those fucking weird characters before copying and posting something? (NT) -- I gather two U-3 graphics = a U-6. *SMH* Hey, let's hear how the stock market is all a figment of our imagination too! Stupid, stupid Bubbles., 18:47:12 12/30/15 Wed
- Yes... it is a ridiculous stat he picked out of ass that is full of holes, but it's the only ridiculous stat that they've got. -- If Bubbles didn't live in the bubble, he wouldn't be able to handle reality, he'd be waiting at the curb for the next speeding bus to step in front of.
  PS. Nice fuckin' graph, all the background lines on the paper make it really easy to read. You can tell it was put together by a real mastermind., 05:18:23 12/31/15 Thu
I can't think of who said it right now, but the phrase goes: "To thy own self be true."
Of course real truth would be more toxic than poison to our little Bubble boy. (NT) -- (he calls himself 'truth' because that's the scariest thing he can think of., 05:26:18 12/31/15 Thu
- Bingo! These people are something directly lifted from Orwell's 1984. The "doublespeak" is strong with them. (NT) -- Plus they think if they lash out at scapegoats for their "fears" they've somehow conquered their fears (or hid their cowardly ways). History will view them as a real bunch of wackos. Hopefully, they'll also chide those (*cough* media) who allowed them to be seen and heard to the degree they have., 16:30:59 01/01/16 Fri

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